System, method and apparatus for enabling transactions using a biometrically enabled programmable magnetic stripe
First Claim
1. An apparatus comprising:
- a substrate;
a magnetic field generator disposed within the substrate that is normally inactive;
a biometric sensor mounted on the substrate;
a memory disposed within the substrate;
a processor disposed within the substrate and communicably coupled to the magnetic field generator, the biometric sensor and the memory, wherein the processor is operable to process biometric information received from the biometric sensor to verify that a user is authorized to use the apparatus and activate the magnetic field generator when the user is verified; and
a power source disposed within the substrate and electrically connected to the magnetic field generator, the biometric sensor and the processor.
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Abstract
The present invention provides a system, method and apparatus that includes a user device having a magnetic field generator disposed within a substrate that is normally inactive, a biometric sensor mounted on the substrate, a memory disposed within the substrate and a processor disposed within the substrate that is communicably coupled to the magnetic field generator, the biometric sensor and the memory. The processor is operable to process biometric information received from the biometric sensor to verify that a user is authorized to use the apparatus and activate the magnetic field generator when the user is verified. A power source is also disposed within the substrate. The magnetic field generator can create a spatially varying magnetic signal using a magnetic stripe and one or more induction coils, or create a time-varying magnetic signal for emulating data obtained from swiping a magnetic stripe card through a magnetic card reader.
588 Citations
92 Claims
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1. An apparatus comprising:
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a substrate;
a magnetic field generator disposed within the substrate that is normally inactive;
a biometric sensor mounted on the substrate;
a memory disposed within the substrate;
a processor disposed within the substrate and communicably coupled to the magnetic field generator, the biometric sensor and the memory, wherein the processor is operable to process biometric information received from the biometric sensor to verify that a user is authorized to use the apparatus and activate the magnetic field generator when the user is verified; and
a power source disposed within the substrate and electrically connected to the magnetic field generator, the biometric sensor and the processor. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. A method for enabling a transaction using an apparatus containing information associated with one or more users, a magnetic field generator that is normally inactive and a biometric sensor, the method comprising the steps of:
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receiving authentication data from the biometric sensor;
determining whether the authentication data is valid for one of the users; and
activating the magnetic field generator and generating a magnetic signal corresponding to the information associated with the authenticated user whenever the authentication data is valid. - View Dependent Claims (32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45)
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46. A computer program embodied in a computer readable medium for enabling a transaction using an apparatus containing information associated with one or more users, a magnetic field generator that is normally inactive and a biometric sensor, the computer program comprising:
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a code segment for receiving authentication data from the biometric sensor;
a code segment for determining whether the authentication data is valid for one of the users; and
a code segment for activating the magnetic field generator and generating a magnetic signal corresponding to the information associated with the authenticated user whenever the authentication data is valid. - View Dependent Claims (47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59)
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60. A system comprising:
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one or more user devices, each user device comprising a substrate, a magnetic field generator disposed within the substrate that is normally inactive, a biometric sensor mounted on the substrate, a memory disposed within the substrate, a device processor disposed within the substrate and communicably coupled to the magnetic field generator, the biometric sensor and the memory, wherein the processor is operable to process biometric information received from the biometric sensor to verify that a user is authorized to use the apparatus and activate the magnetic field generator when the user is verified, and a power source disposed within the substrate and electrically connected to the magnetic field generator, the biometric sensor and the device processor;
one or more system interfaces operable to communicate with the user device; and
a system processor communicably coupled to the one or more system interfaces. - View Dependent Claims (61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92)
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Specification